IIGCC Initiative on EU Company Climate Lobbying
Corporate and trade association lobbying has a strong impact on EU climate regulations and may not always be aligned with shareholder interests.
IIGCC coordinated a letter on behalf of 51 investors from 8 countries representing over 4.4 trillion in AUM which asks companies about their positions on investor-agreed climate policy issues in relation to their business strategy and how they ensure alignment between their stated positions and lobbying practices.
Investor signatories to the letter are continuing to engage with companies on this issue now and throughout 2016, which will be a key year in implementation of EU climate regulations post-Paris. IIGCC’s Corporate programme also supports the European outreach of the PRI Investor Working Group on Corporate Climate Lobbying and Investor expectations on corporate climate lobbying.